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Registered Representative Salary

Registered Representatives in the United States pull down an average of $41K annually. Women Registered Representatives who took the survey just slightly outnumber men. Job satisfaction for Registered Representatives is high. Medical benefits are awarded to most, and more than half earn dental coverage. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$32,248 - $69,634
(Median)
$32K
$41K
$70K
MEDIAN: $40,918
10%
50%
90%

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$12.26 - $22.15
(Median)
$12
$17
$22
MEDIAN: $17.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$100K$200K$300K
Salary
$32,248 - $69,634  
   
Bonus
$971 - $10,013  
Profit Sharing
$1,350 - $5,600  
Commission
$-0.50 - $295,898  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$31,271 - $69,317  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 104
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50$100$150
Hourly Rate
$12.26 - $22.15  
   
Overtime
$20.56 - $31.22  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$100K$200K$300K
Bonus
$971 - $10,013  
   
Commission
$-0.50 - $295,898  
Profit Sharing
$1,350 - $5,600  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$31,271 - $69,317  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 22

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United States (change)


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Job Description for Registered Representative

Managing investments and securities exchanges is a complicated and byzantine process. There are many rules that must be followed closely and the entire process is overseen by huge government bureaucracies, and this is why most people hire brokers to do their business for them. "Registered representative" is a very literal job title: commonly known as "stockbrokers," they are licensed by the United States Securities and Exchange Commission, as well as self-regulatory agencies such as the New York Stock Exchange, to represent their clients in the purchase, sale, and management of securities.

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Registered Representative Job Listings

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Pay by Experience Level for Registered Representative

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Registered Representatives with a lot of experience tend to enjoy higher earnings. Average salaries for inexperienced employees average out to around $41K, but folks who have five to 10 years of experience earn a higher median of $51K. The average pay reported by folks with 10 to 20 years of experience is around $56K. Big financial gains seem to result from working for more than two decades; veterans in this group report earning $72K on average.

 
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United States (change)

Experience Affects Registered Representative Salaries

Late-Career
up arrow 62%

Experienced
up arrow 26%

Mid-Career
up arrow 14%

National Average
$44,000

Entry-Level
up arrow 8%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 19 votes.

Gender

Female
54 %
Male
46 %

Years of Experience

Less than 1 year
4%
1-4 years
55%
5-9 years
21%
10-19 years
13%
20 years or more
7%

Common Health Benefits

medical benefits Medical: 80% dental benefits Dental: 69%
vision benefits Vision: 57% employee benefits None: 16%
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